Lbill wrote:DOW is down by over 550 points with a couple hours of trading left. Trading halt on the way?

Why would there be a trading halt? On 09/29/2008, DJIA was down 774 points and I don't believe there was any serious talk of a halt. Also down 679 point on 10/09/2008, 733 points on 10/15/2008...you get the idea.

- DDB

"We have to encourage a return to traditional moral values. Most importantly, we have to promote general social concern, and less materialism in young people." - PB

AndroAsc wrote:Why is it drop in stock market indexes are always reported in absolute figures? Not everyone know what the value was a week ago you know... reporting it in percentages would make things much better.

I've always thought this as well. Thankfully my app on my phone shoes me the percentages real time as well.

Now Asian stocks are in freefall overnight. Hong Kong and Korea are down over 7% and trading was halted in Korea. Japan down about 5%. Wow, this is starting to look pretty grim. Gather up the women and children. . .

"Life can only be understood backward; but it must be lived forward." ~ Søren Kierkegaard | | "You can't connect the dots looking forward; but only by looking backwards." ~ Steve Jobs

BigD53 wrote:As soon as the President appeared on TV, the DOW went from being down "only" 300... to being down 500!

Moderator, you can delete my political comment. (Actually, just an observation.)

I respect this forum immensly. But I would like to see more flexibility when it comes to subject of politics. Now more than ever politics is affecting every aspect of investing and I feel that comments on current political policies and how they are affecting investment decisions are in order.

BigD53 wrote:As soon as the President appeared on TV, the DOW went from being down "only" 300... to being down 500!

Moderator, you can delete my political comment. (Actually, just an observation.)

I respect this forum immensly. But I would like to see more flexibility when it comes to subject of politics. Now more than ever politics is affecting every aspect of investing and I feel that comments on current political policies and how they are affecting investment decisions are in order.

Lbill wrote:Now Asian stocks are in freefall overnight. Hong Kong and Korea are down over 7% and trading was halted in Korea. Japan down about 5%. Wow, this is starting to look pretty grim. Gather up the women and children. . .

I started my IRA a little over four years ago. Buy and hold all the way. My portfolio is now down 1.74% for that entire period. That's over four years of gains wiped away in the last two weeks. I'd imagine many people who started investing ten or twelve years ago have had similar experiences.

If you ask me, the last ten years are going to drive a whole lot people permanently out of the stock market. And frankly I wouldn't blame them.

Regal 56 wrote:I started my IRA a little over four years ago. Buy and hold all the way. My portfolio is now down 1.74% for that entire period. That's over four years of gains wiped away in the last two weeks. I'd imagine many people who started investing ten or twelve years ago have had similar experiences.

If you ask me, the last ten years are going to drive a whole lot people permanently out of the stock market. And frankly I wouldn't blame them.

This will surely drive lots of people out of the stock market altogether, but I don't think it will be permanently for most. The fear and greed cycle seems to be one of the most reliable aspects of human behavior. People will get out now, and they'll get back in down the road after a period of good performance.

A super-simple portfolio of 50% Vanguard Total World Fund and 50% Vanguard Total Bond Fund has a YTD performance of -3% through yesterday. This is hardly earth-shattering territory yet. Those who abandon strategy will be the ones who were taking too much risk to begin with, as is always the case.

Fortunately, this year has been good for diversification. CCF funds have outperformed global equity indices year-to-date. TIPS returns have been so good, it's almost getting uncomfortable! And of course, those into Gold are sitting pretty, with a 20+% YTD return.

- DDB

"We have to encourage a return to traditional moral values. Most importantly, we have to promote general social concern, and less materialism in young people." - PB

Regal 56 wrote:I started my IRA a little over four years ago. Buy and hold all the way. My portfolio is now down 1.74% for that entire period. That's over four years of gains wiped away in the last two weeks. I'd imagine many people who started investing ten or twelve years ago have had similar experiences.

If you ask me, the last ten years are going to drive a whole lot people permanently out of the stock market. And frankly I wouldn't blame them.

Over 4 years ago puts you in Spring, 2007 - that's a peaking area before the 2008 crisis. The DOW is down 20% over that time period, so I say you've done pretty well. I've been investing for about 2 years and the irrationality of the market has made me want to close all of my positions and throw my computer out the window multiple times. It's been a great learning experience.
You learn to deal with it - don't be greedy for the quick buck, buy stock in solid companies you like, diversify, diversify, diversify, don't forget about compounding, and hold the course - my hypothetical untouched portfolios (investopedia), my retirement account, as well as just index funds, all have outperformed what I have done in my 'fun' account.

Stocks are a bit up this morning, but they'll fall down again just like they'll rise as well.

Last edited by whiskers on Tue Aug 09, 2011 8:44 am, edited 1 time in total.

Lbill wrote:Now Asian stocks are in freefall overnight. Hong Kong and Korea are down over 7% and trading was halted in Korea. Japan down about 5%. Wow, this is starting to look pretty grim. Gather up the women and children. . .

Attempt to hide your glee.

I know, right? There's seriously something wrong with Little Bill. He really is taking PLEASURE in this down-turn.

And it's a temporary down-turn, so I'm not even sure why he's so gleeful. It seems to make him happy to think we're all losing money, but in the long run we'll all be fine...

Regal 56 wrote:I started my IRA a little over four years ago. Buy and hold all the way. My portfolio is now down 1.74% for that entire period. That's over four years of gains wiped away in the last two weeks. I'd imagine many people who started investing ten or twelve years ago have had similar experiences.

If you ask me, the last ten years are going to drive a whole lot people permanently out of the stock market. And frankly I wouldn't blame them.

Over 4 years ago puts you in Spring, 2007 - that's a peaking area before the 2008 crisis. The DOW is down 20% over that time period, so I say you've done pretty well. I've been investing for about 2 years and the irrationality of the market has made me want to close all of my positions and throw my computer out the window multiple times. It's been a great learning experience.You learn to deal with it - don't be greedy for the quick buck, buy stock in solid companies you like, diversify, diversify, diversify, don't forget about compounding, and hold the course - my hypothetical untouched portfolios (investopedia), my retirement account, as well as just index funds, all have outperformed what I have done in my 'fun' account.

Stocks are a bit up this morning, but they'll fall down again just like they'll rise as well.

Well, today the market is up 430 points, so I'm happy again. Now where are my Lithium tablets?

There's seriously something wrong with Little Bill. He really is taking PLEASURE in this down-turn.

I'm still seeking revenge against the stockbugs who were getting rich during the dotcom craze. I hope they've all lost their money by now. But, even more important, I want to see stocks get killed so I can buy. The last time I bought was the very day the S&P hit bottom at 666 back in March 2009. Going for a 2-fer.

"Life can only be understood backward; but it must be lived forward." ~ Søren Kierkegaard | | "You can't connect the dots looking forward; but only by looking backwards." ~ Steve Jobs

There's seriously something wrong with Little Bill. He really is taking PLEASURE in this down-turn.

I'm still seeking revenge against the stockbugs who were getting rich during the dotcom craze. I hope they've all lost their money by now. But, even more important, I want to see stocks get killed so I can buy. The last time I bought was the very day the S&P hit bottom at 666 back in March 2009. Going for a 2-fer.

You consider these acceptable motivations for incessantly starting threads bashing stocks and those who hold them (most of which cover the same ground from slightly different angles), and reveling in the pain of others? Kinda sad.

No, I honestly think that investing in stocks stinks. It's a legitimate viewpoint even though it's a voice in wilderness in the Cult of Equities. You can make pretty good returns without undergoing the torture of the stock market - I always have.

"Life can only be understood backward; but it must be lived forward." ~ Søren Kierkegaard | | "You can't connect the dots looking forward; but only by looking backwards." ~ Steve Jobs

Lbill wrote:No, I honestly think that investing in stocks stinks. It's a legitimate viewpoint even though it's a voice in wilderness in the Cult of Equities. You can make pretty good returns without undergoing the torture of the stock market - I always have.

I liked your first answer better. It was refreshing honest. Envy is truly mankind's darkest motivator.

Lbill wrote:No, I honestly think that investing in stocks stinks. It's a legitimate viewpoint even though it's a voice in wilderness in the Cult of Equities. You can make pretty good returns without undergoing the torture of the stock market - I always have.

Well, you're doing it wrong... Instead of promoting an alternative point of view, you sound like a mooing cow.

I've seen dozens of Lbill's threads or posts against stock ownership. I always guessed that he just didn't have a high risk tolerance (which there's nothing wrong with) but then also wants the best of both worlds and is trying to justify the belief that investing in stocks is a loser's game in the long-term. Maybe so that he doesn't have to feel like he's missing out on any returns. And I guess this all started during the "dotcom craze" when he wasn't holding enough stock as he would have liked, as he basically just admitted to.

I say everyone should just invest along with their own need, ability, and desire to take risk, and let everyone else happily do the same.

Lbill wrote:I'm still seeking revenge against the stockbugs who were getting rich during the dotcom craze. I hope they've all lost their money by now. But, even more important, I want to see stocks get killed so I can buy.

I have to say it's truly refreshing to see your motivations laid bare. --inflammatory comments deleted--

Thanks for your honesty. I really do appreciate it.

Edited to add:

Since the mods saw fit to tone down my previous statement, let me reword it a little more tactfully:

Many who post in this forum have axes to grind, but it's rare that they're so up front and open about it. They very rarely show you the axe.

Thanks for showing us your axe.

Last edited by honkeoki on Wed Aug 10, 2011 8:30 pm, edited 1 time in total.